RELEASE: pr5553-08

CFTC Statement Regarding Today’s Trading in Crude Oil

Washington, DC – As part of its ongoing national crude oil investigation, the Commodity Futures Trading Commission (CFTC) made the following statement regarding today’s market activity:

“CFTC surveillance and enforcement staff are closely monitoring today’s large movement in the price of crude oil,” said CFTC Acting Chairman Walter Lukken. “We are working closely with NYMEX compliance staff to ensure that no one is taking advantage of the current stresses facing our financial marketplace for their own manipulative gain.”